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Chinese hospitality companies, including Jinjiang International Holding and Huazhu Group, have scrambled for solutions to mitigate the impact of the novel coronavirus outbreak by cutting fees, as well as by accommodating medical staff and people under quarantine.

Jinjiang International has reserved 322 hotels across China with over 81,200 rooms to be used for staff accommodation or quarantine during the epidemic, the Shanghai-based firm told Yicai Global.

The coronavirus outbreak, which started spreading from Wuhan in December, has halted many consumers' Chinese New Year travel plans. Hence, many hotels have closed their doors due to an occupancy rate of less than 4 percent, according to Yicai Global's findings.